NFJ Investment Group LLC Has $400,000 Holdings in Full Truck Alliance Co. Ltd. (NYSE:YMM)

NFJ Investment Group LLC cut its holdings in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 11.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,388 shares of the company’s stock after selling 5,663 shares during the period. NFJ Investment Group LLC’s holdings in Full Truck Alliance were worth $400,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Tobam acquired a new stake in shares of Full Truck Alliance in the 2nd quarter valued at approximately $35,000. Blue Trust Inc. acquired a new stake in shares of Full Truck Alliance in the 2nd quarter valued at approximately $38,000. Atomi Financial Group Inc. raised its position in shares of Full Truck Alliance by 12.4% in the 2nd quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company’s stock valued at $97,000 after acquiring an additional 1,329 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Full Truck Alliance in the 3rd quarter valued at approximately $151,000. Finally, Scientech Research LLC acquired a new stake in shares of Full Truck Alliance in the 2nd quarter valued at approximately $156,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

YMM has been the topic of a number of analyst reports. Citigroup increased their price target on shares of Full Truck Alliance from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Barclays lowered their target price on Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Friday, August 23rd.

Full Truck Alliance Stock Performance

NYSE YMM opened at $10.27 on Thursday. The business has a 50 day simple moving average of $9.18 and a 200 day simple moving average of $8.42. Full Truck Alliance Co. Ltd. has a 52-week low of $5.70 and a 52-week high of $10.32. The stock has a market cap of $10.82 billion, a price-to-earnings ratio of 24.44 and a beta of 0.28.

Full Truck Alliance Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.